Core Viewpoint - The recent recovery in equity markets has led to increased interest in "fixed income +" products, particularly low-volatility variants that offer stable returns with lower drawdowns [1][2] Group 1: Product Overview - The Zhongtai Shuangxin 6-Month Bond Fund (Class A: 023214, Class C: 023215) was launched on May 14, focusing on high-quality bonds as underlying assets, with a maximum of 20% allocated to equity assets [1] - The fund aims to achieve long-term returns exceeding the average fixed income yield while controlling drawdowns through hedging tools [1][3] - A 6-month holding period is set to stabilize fund size and reduce the impact of daily redemptions, allowing for a more strategic long-term investment approach [1] Group 2: Management Team - Fund managers Cheng Bing and Shang Yuanbo have over ten years of experience in securities research and investment, previously managing the Zhongtai Shuangli Bond Fund, which has shown strong performance [2][4] - The Zhongtai Shuangli Bond Fund's Class A net value growth rate reached 9.97% as of March 31, 2025, outperforming its benchmark by 4.04% [2] Group 3: Risk Management and Strategy - The focus of low-volatility "fixed income +" products is on risk-return characteristics rather than just yield, aiming for drawdown control similar to pure bond funds while achieving slightly better long-term returns [3] - Over 80% of the fund's capital will be invested in high-grade credit bonds and interest rate bonds, with equity investments limited to 20% in well-governed industry leaders [3] Group 4: Performance Metrics - The Zhongtai Shuangli Bond Fund has demonstrated superior drawdown management, with a maximum drawdown of only 0.66%, significantly better than the mixed bond index (4.25%) and pure bond index (1.31%) [2][4]

提问 1. 全市场的债券基金那么多，到底有什么区别？ 回答 按照投资范围，我们可以把主动管理型债券基金分为两类。一类是纯债基金，是指那些只能投资于 固定收益类金融工具的基金，不参与新股申购，也不投资股票。另一类是混合债基。 混合债基又可以分为一级债基和二级债基（主要根据投资标的作区别）。 中泰双鑫6个月持有债券为混合二级债基：投资于债券的比例不低于基金资产的80%，投资于权益类资产 及可转换债券（含分离交易可转债）、可交换债券的投资合计占基金资产的比例不超过20%，也就是大家 常说的"固收+"产品。 提问 2. 本产品的风险收益特点如何？ 回答 本基金作为混合二级债基，预期收益和风险水平低于股票型基金，高于纯债基金与货币基金。同 时，本基金力争风险目标与中长期债券型基金指数相近。由于二级债基主要资产投资于债券市场，小幅参 与权益投资，产品兼具固收类资产严控风险及权益类资产争取更高收益的特性。近20年来，二级债基指数 的涨幅为372.10%，大幅跑赢中证全债（同期涨幅146.90%）。 上述数据来源：Wind，统计时间截至2025.3.31。万得混合债券型二级指数代码885007.WI，中证全债代码H11001 ...